Indian Bank Q3 Results Review - Robust Quarter; Building Contingent Buffers: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Indian Bank posted healthy quarter with net interest income growth of 6% YoY, in-line net interest margin at 3.4% (-5 basis points QoQ), moderation in slippages to 1.4%, and low credit costs aiding strong profit after tax beat and return on asset of 1.1%. Indian Bank continued to make prudential provisions (both generic and specific) in Q3. Indian Bank's asset quality trends were steady with 50 bps decline in gross non-performing asset QoQ to 4.5% and stable provision coverage ratio at 88%. Credit costs declined to 1.1% in Q3 versus 1.5% in H1 FY24. With industry best PCR and higher standard asset provisions relative to peers, we build in lower credit costs for FY25/26E. Margins are expected to be in the 3.3-3.5% range as there remain positive levers to yields. Earnings upgrade of 7% each for FY25/26E is driven by lower credit costs. We maintain 'Buy' with revised target price of Rs 540 (1.2 times Sep-25E price/adjusted book value) against a return on asset/return on equity of 1.1%/15% for FY25E. The stock currently trades at 1.0 times price/adjusted book value..Click on the attachment to read the full report:.L&T Finance Holdings Q3 Results Review - RoA Expands Further As Retail Mix Improves: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indian Bank Q3 Results Review - Robust Quarter; Building Contingent Buffers: Dolat Capital

Margins estimates maintained; prudential provisions continue

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Indian Bank Q3 Results Review - Robust Quarter; Building Contingent Buffers: Dolat Capital

Margins estimates maintained; prudential provisions continue

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